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  • not sure if this has been posted yet.


    Lobbying firm’s memo spells out plan to undermine Occupy Wall Street

    A well-known Washington lobbying firm with links to the financial industry has proposed an $850,000 plan to take on Occupy Wall Street and politicians who might express sympathy for the protests…

  • Quzi commented on the blog post ‘We Are the 99 Percent’ Photo of the Day

    2011-10-30 06:55:05View | Delete

    Take time to look at the compassionate Halloween costume pictures with this op-ed — the great divide.


    On Friday, the law firm of Steven J. Baum threw a Halloween party. The firm, which is located near Buffalo, is what is commonly referred to as a “foreclosure mill” firm, meaning it represents banks and mortgage servicers as they attempt to foreclose on homeowners and evict them from their homes. Steven J. Baum is, in fact, the largest such firm in New York; it represents virtually all the giant mortgage lenders, including Citigroup, JPMorgan Chase, Bank of America and Wells Fargo.

    This party is the firm’s big annual bash. Employees wear Halloween costumes to the office, where they party until around noon, and then return to work, still in costume. I can’t tell you how people dressed for this year’s party, but I can tell you about last year’s.

    That’s because a former employee of Steven J. Baum recently sent me snapshots of last year’s party. In an e-mail, she said that she wanted me to see them because they showed an appalling lack of compassion toward the homeowners — invariably poor and down on their luck — that the Baum firm had brought foreclosure proceedings against.

  • Quzi commented on the blog post Live Blog for #OWS: Day 29, A Day of Global Action

    2011-10-15 16:41:57View | Delete

    yes, it’s back huge crowds

    thanks everyone for updates

  • Quzi commented on the blog post Live Blog for #OWS: Day 29, A Day of Global Action

    2011-10-15 16:20:24View | Delete
  • Quzi commented on the blog post Live Blog for #OWS: Day 29, A Day of Global Action

    2011-10-15 16:13:54View | Delete

    they are chanting “We Love You” to police — awesome!

  • Quzi commented on the blog post Live Blog for #OWS: Day 29, A Day of Global Action

    2011-10-15 06:37:27View | Delete

    I haven’t seen any updates from popeye lately on Occupy St. Louis (my schedule is hectic–so I may have missed something.) I have a few interesting links on how it’s going in a very idealogically-divided state.(Missouri)

    It seems some of our Unions are joining in at Occupy St. Louis. This is very good as it looks like the crowds are growing because of it. From our local paper:


    Published on a blog: an email written October 5th from one of the early occupiers. Some interesting color commentating and one Midwesterner’s view of this movement. Here’s a little bit:

    “I can’t even start to describe the diversity of people down there. Black, white, men, women, children, homeless people, restaurant workers, trade unionists, conspiracy nuts, friends of friends, strangers, iraq war veterans… ok , i started. It makes almost no sense, why so many people have “joined”- why they see themselves as participants and not spectators.
    Wonderful. and wonderfully unsettling.

    This world has destroyed so many of us (mentally and socially, especially) and I think the movement can only be understood if that is understood.”


    I was not aware of this practice going on at our colleges.

    “A North Carolina community college student who was banned from campus after complaining about being forced to use a school-branded debit card has been reinstated. Reversal of the decision leaves a critical question unanswered, however: Why are schools around the country forcing students to get into bad financial habits by using MasterCard-branded debit cards laden with booby-trap fees?”


  • that’s it —

    When everyone is awake, or as close to everyone as we can get, we’ll decide where to go from there.

    A populist movement needs the populous before it can move.

  • Thanks, Petro. I do remebmer reading that about Egypt and I do think that they were prepared for that. I don’t expect that there would be a complete blackout because of the economics and how dependent our infrastructure is on the internet — such as control systems for power grids. However, I would not rule out some temporary blackouts or inteference in communicaiton systems at strategic times. Maybe not though.

  • Great read, Kevin. Thank you for covering this from the beginning. I watched OWS-NYC in the first week on Livestream and I knew this movement was going to grow expotentially. In those early days, I came back to FDL to see if anyone was covering this and I found you. Thank you for the great job.

    One thing I wanted to mention. Everyone here and in the movement has acknowledged that the Dems would try to co-op OWS and we all know that is not going to happen. Also, we can see the Republicans changing their rhetoric — some of it is to placate the 99% and other for political reasons.

    But even more important than these attempts to dilute this movementis that when the 1% realizes that they cannot co-op or placate this movement, they will try to take away the voice of this movement by other means. The one thing that links all of the 99% is the Internet. The Internet backbone is owned by about 6 corporations. I really think the movement needs to consider how they will communicate with each other if there are disruptions in normal channels from time to time — twitter, cell phones, blogs, etc. If the technology or communicaiton committees have already been planning for it — then never mind. I just thought it was worth mentioning.

  • Quzi commented on the blog post Live Blog of #OWS: Day 25, The Dissenter is in Liberty Park

    2011-10-10 11:36:58View | Delete

    More bailouts…

    Europe bails out its first bank: Dexia

    Franco-Belgian bank Dexia said Monday that it will receive €90 billion from France, Belgium and Luxembourg, making it the first bank to get bailed out as a result of the European debt crisis.

    …The deal will help to prop up Dexia’s weakened ability to guarantee bonds.

    “Dexia passed the stress test earlier this summer with flying colors, yet here we are now, three months later, and it needs a bailout,” said Michael Hewson, analyst at CMC Markets in London. “I think that begs the question as to whether Dexia is a special case or if it’s one in a long line of other bailouts.”


  • Germany, France agree on Europe bank bailout

    The leaders of Germany and France, the eurozone’s two biggest economies, say they have reached agreement on strengthening Europe’s shaky banking sector.

    German Chancellor Angela Merkel says she and French President Nicolas Sarkozy “are determined to do the necessary to ensure the recapitalization of Europe’s banks.”

    Merkel spoke after talks with Sarkozy at Berlin’s chancellery Sunday aimed at forging an agreement ahead of a summit of the European Union’s 27 leaders later this month.

    Sarkozy said it was “not the moment” to go into the agreement’s details but said that the French-German accord “is total.”

    When asked whether all European banks would be recapitalized, Merkel did not directly answer the question, saying only that all banks across the eurozone would be measured by the same criteria that would be established in coordination with, among others, the European Banking Authority and the International Monetary Fund.

    Earlier this week, Merkel spoke in favor of a coordinated bank recapitalization following talks with the International Monetary Fund and other European leaders. The chancellor said that banks must first seek to raise new capital on the market before turning to their government, insisting that the eurozone’s newly strengthened €440 billion ($590 billion) bailout fund would then only serve as a backstop if a member state can’t cope with shoring up its banks’ capital.


  • Gov’t report: Fannie knew of ‘robo-signing’ in ’03

    Fannie Mae responded by hiring a law firm to investigate the claims in 2005. The law firm reported in 2006 that it had found foreclosure attorneys in Florida “routinely filing false pleadings and affidavits.”

    Fannie officials said they told a government official about the law firm’s findings in 2006. That unnamed official, who now works for Fannie’s regulator, the Federal Housing Finance Agency, said he couldn’t recall the conversation, the report says.

  • Liberty Plaza — live feed — going to the bridge

  • Bloomberg and Wall Street getting nervous.

    22,000 watching on Livestresm

  • Quzi commented on the blog post Live Blog of #OccupyWallStreet: NYPD’s Crackdown on the Protest

    2011-09-24 14:15:48View | Delete

    I’ve watched Livestream today; however, this is the first times I saw the police actually mace the innocent female protesters. It’s like living through the 60s.

    Great work, Kevin — please keep this coverage going.